Revisor Home

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 349

previous next Effective - 28 Aug 1980bottom

  349.070.  Resolutions authorizing issuance of bonds or notes, provisions authorized in. — Any resolution authorizing any notes or bonds may contain such provisions, covenants and agreements subject to any provisions, covenants and agreements with the holders of bonds or notes then outstanding as the corporation determines necessary, such provisions, covenants and agreements may include but shall not be limited to:

  (1)  Pledging, assigning, mortgaging, or granting a security interest in all or any part of the property and revenues of the corporation or any part thereof, to secure the payment of the notes or bonds or of any issue thereof;

  (2)  The use and disposition of the property or revenues of the corporation or any part thereof;

  (3)  The fixing of rents, fees and other charges and the pledging of the same and of the revenues of the corporation so that the same will be sufficient to pay the cost of operation, maintenance and repair of any project and the principal of and interest on notes or bonds secured by the pledge of such revenues;

  (4)  Establishing reasonable reserves to secure the payment of such notes and bonds;

  (5)  Limitations on the issuance of additional notes or bonds and the terms upon which the same may be issued and secured.

­­--------

(L. 1977 S.B. 267 § 13, A.L. 1980 H.B. 1582 & 1277)


---- end of effective   28 Aug 1980 ----

use this link to bookmark section  349.070


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@19:47:41.9 32